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When to Overreact: A Conversation with an Economist
Manage episode 438274321 series 3029161
CAR WASH Magazine에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 CAR WASH Magazine 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
In this episode of CAR WASH the Podcast, International Carwash Association CEO Eric Wulf is joined by Alex Chausovsky, a seasoned market researcher and analyst with over 20 years of expertise in economics, business cycles, and industry-specific trends.
The episode explores the ICA’s Q3 research survey, shedding light on year-end retail growth projections within the car wash industry. Eric and Alex break down current market dynamics and unemployment trends and analyze the Federal Reserve's reactions. They also explore the potential impact of the upcoming election on consumer spending and how these factors might influence the car wash sector.
Key highlights include:
- Consumer Spending: Despite rising consumer debt levels, spending remains steady, though there's noticeable hesitancy, particularly among younger demographics (39 and under). Credit card delinquencies are up, yet auto loan delinquencies have slightly decreased from the previous quarter.
- Economic Outlook: Alex Chausovsky provides strategic advice for car wash owners on navigating these economic uncertainties, leveraging insights to optimize business performance.
- Election Impact: While elections are a significant event, Chausovsky emphasizes that the US economy's size and resilience often mitigate election-related concerns, advising industry players to focus on what they can control.
Join Eric Wulf and Alex Chausovsky on December 13, Projections Day, at the 2024 Roadmap event (https://carwashroadmap.com/register).
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